Vienna, Austria - Many questions surround compensation and salaries. Which industry pays well? Who deserves what? Do we deserve more than we get? Salary expert Conrad Pramböck tries to answer these questions in our new series Salary 2014. The first industry analysis will follow in two weeks’ time. For now, all we can reveal is that it will be a hot summer.

Bucharest, Romania - As with most foreigners who come to Romania, Ulrik was drawn by the tale of Dracula. And as with many foreigners who come to Romania, he fell in love with a local girl – who happened to be an attorney at one of the greatest law firms in the country. Ulrik Rasmussen is a former footballer and globetrotter; these days he is a Partner at a top executive search firm. He says that Pedersen & Partners is no ordinary recruiter of top and middle management, but provides unique insights into the clients’ needs, which is key in this business. We had a talk with this Romania-loving Dane about the biggest issues facing Romanian law firms (and service providers generally) and why the promotion system that most of them use is obsolete. Finally, we discussed why “jumping ship” is seen as tantamount to treason in the industry.

Kiev, Ukraine - The past 12 months have seen a 3.5% increase in the average value of the monetary compensation earned by senior executives holding key positions in the largest companies in the world – up to €1.4 million per year. This increase occurred across both revenue components, with the base salary increasing by 3.1% to €681 thousand, and short-term bonuses increasing by 4.2% to €719 thousand. These conclusions come from global research conducted this autumn by the international recruiting company Pedersen & Partners, which carried out an expert analysis on the results of a survey of 1 700 thousand senior executives representing 330 major international corporations in 17 countries. The executives were from companies with an average of 133 thousand employees, an average turnover of €42 billion, and profit of €4.1 billion.

December 4th, 2014 – Munich, Germany – Pedersen & Partners, a leading international Executive Search firm with 53 wholly owned offices in 50 countries, is pleased to announce the promotion of Guido Bormann to Country Manager for Germany.